Read time: 2 min

Q&A With Appleton Capital Management


Company Information



Company Name:


Appleton capital management


Contact Name:


Jeremy O’Friel


Location:


Dublin, Ireland


Product Name:


Appleton 25% Risk Program


Product assets:


$90m


Total Assets Under Management:


$105m


Firm Inception Date:


July 1992


Number of Employees:


15


Return Information


Annual Performance


1995


1996


1997


1998


1999


2000


2001


2002


Since Inception

 

60.88


21.38


18.13


0.89


12.04


17.33


16.31


3.66


268.89%



Statistics


Annualised Performance:


19.24%


Sharpe Ratio:


0.68


Standard Deviation:


21.04%


Parker FX Index Rank as of April 2002:


3 out of 45



 


What types of instruments do you trade (eg, spot, forward, options)?

Interbank forward contracts


What is the average length of time positions are held?

All positions are placed with a 13 day view, but this view may be renewed at the end of the 13 day cycle.


What is the average number of positions taken during the month?

Three


Is leverage used? If yes, maximum leverage amount? Average leverage amount?

Leverage is employed, at an average of 2. There is a policy of not exceeding 5 ever. Leverage employed is a function of market volatility.


What is your outlook for the direction of the major currencies for the remainder of the year?

We do not engage in long-term forecasting, but rather our model adjusts its views on a daily basis.



In which currency pair do you see the best opportunities over the next six months?

Once again, we do not engage in long-term forecasting.


What opportunities do you see in emerging markets?


We do not trade emerging markets and therefore would not have an opinion on this.


Have FX trading portals made it easier to transact business, or have they had no effect on your business? Please explain.

Prime brokerage has certainly made trading easier, although we still transact by telephone.


What is your biggest concern about the future of the FX market (eg, bank consolidation, liquidity, exchange rate risk, diminished personal relationships)?

Given that we only trade the most liquid currencies, most of the concerns above are greatly mitigated. The concern for any systematic trader is to stay ahead of the market as it inevitably changes gradually over time. We hope to ease this by continuing to invest in our quantitative research process at our facility in Dublin.

Profit & Loss

Share This

Share on facebook
Facebook
Share on google
Google+
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit

Related Posts in